Murphy Oil Corporation (MUR) Receives Average Recommendation of “Hold” from Brokerages

Shares of Murphy Oil Corporation (NYSE:MUR) have earned a consensus rating of “Hold” from the thirteen analysts that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $30.50.

MUR has been the topic of several research reports. Piper Jaffray Companies restated a “hold” rating and issued a $31.00 price target on shares of Murphy Oil in a research note on Thursday, August 10th. Scotiabank set a $27.00 price target on shares of Murphy Oil and gave the company a “hold” rating in a research note on Friday, August 11th. BidaskClub downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Thursday, August 17th. ValuEngine downgraded shares of Murphy Oil from a “hold” rating to a “sell” rating in a research note on Wednesday, August 23rd. Finally, Cowen restated a “hold” rating and issued a $30.00 price target on shares of Murphy Oil in a research note on Sunday, September 17th.

Murphy Oil (NYSE:MUR) traded up $1.28 during mid-day trading on Friday, hitting $29.23. 4,388,966 shares of the company traded hands, compared to its average volume of 2,922,642. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.60 and a current ratio of 1.74. Murphy Oil has a fifty-two week low of $22.21 and a fifty-two week high of $34.90.

Murphy Oil (NYSE:MUR) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas producer reported ($0.03) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.14) by $0.11. Murphy Oil had a negative net margin of 4.15% and a negative return on equity of 1.25%. The business had revenue of $498.31 million for the quarter, compared to the consensus estimate of $460.17 million. During the same period in the prior year, the company posted ($0.18) earnings per share. Murphy Oil’s revenue was up 2.6% compared to the same quarter last year. analysts predict that Murphy Oil will post -0.2 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Monday, November 13th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, November 10th. This represents a $1.00 annualized dividend and a yield of 3.42%. Murphy Oil’s dividend payout ratio is -192.31%.

In related news, Director Robert Madison Murphy sold 6,325 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $28.55, for a total transaction of $180,578.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP John B. Gardner sold 3,783 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $27.84, for a total transaction of $105,318.72. The disclosure for this sale can be found here. Insiders have purchased 76,500 shares of company stock valued at $17,850 in the last ninety days. 6.89% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Shelton Capital Management bought a new position in shares of Murphy Oil in the third quarter worth about $251,000. Steward Partners Investment Advisory LLC bought a new position in shares of Murphy Oil in the third quarter worth about $578,000. Delphi Management Inc. MA lifted its holdings in shares of Murphy Oil by 3.5% in the third quarter. Delphi Management Inc. MA now owns 72,014 shares of the oil and gas producer’s stock worth $1,913,000 after acquiring an additional 2,428 shares during the last quarter. Robinson Value Management Ltd. bought a new position in shares of Murphy Oil in the third quarter worth about $2,011,000. Finally, Ameritas Investment Partners Inc. lifted its holdings in shares of Murphy Oil by 1,151.4% in the third quarter. Ameritas Investment Partners Inc. now owns 48,415 shares of the oil and gas producer’s stock worth $1,097,000 after acquiring an additional 44,546 shares during the last quarter. 96.86% of the stock is owned by hedge funds and other institutional investors.

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Murphy Oil Company Profile

Murphy Oil Corporation (Murphy) is an oil and gas exploration and production company. The Company’s exploration and production business explores for and produces crude oil, natural gas and natural gas liquids across the world. Its exploration and production activities are subdivided into four geographic segments: the United States, Canada, Malaysia and all other countries.

Analyst Recommendations for Murphy Oil (NYSE:MUR)

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